AUD/USD – 30M – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the descending trendline down.
A continuation of the downward movement down to the next support at 0.63539 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.64291 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.63363 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.64291 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.64935 |
| 2nd High | 0.64712 |
| Next High | 0.64291 |
| Current Price | 0.63657 |
| Next Low | 0.63539 |
| 2nd Low | 0.63363 |
| 3rd Low |